Hacks in Crypto are becoming more prevalent and hackers have grossed over $3 billion across 125 hacks in 2022 so far. Hackers are becoming more sophisticated and at this rate, this year could potentially surpass 2021 in total value hacked. Statistically, the trend of crypto hacks is on the rise, and now is never a better time to start taking …

We have seen gloomy days in the cryptocurrency community after FTX’s lapse. But there is still good news, especially for soccer fans ahead of the FIFA World Cup 2022, starting Sunday.  The token is presented by Chiliz blockchain (CHZ), which also powers the token creator platform Socios.com. Socios is used to create sports fan tokens, and it has surged 11% …

Ripple, a top-quality Blockchain and crypto solution provider has partnered with MFS Africa to offer On-Demand Liquidity (ODL) solutions for faster and better real-time payment processing across borders, powered by RippleNet. ODL processes millions of transactions in Singapore, Brazil, Thailand, Indonesia, Poland, and more. MFS is a fintech company specializing in digital payments and has the largest footprint in the …

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Binance buys the FTX exchange to solve the issue of liquidity crisis, as per the latest announcement of the FTX CEO.  This is shocking because FTX once played a crucial role in restoring stability in the market during the events of Terra’s collapse. Also, it had acquired companies like Voyager, BlockFi, Celsius, Three Arrows Capital, and Babel Finance. But now …

November 4 is the last day of Web Summit 2022, and we will bring the highlights of the summit. It was organized in Lisbon, Portugal, and is attended by 71,000 people on this day alone. In the first two days, we have had seen discussions on finance, metaverse, and gaming, and where these things are headed among some of the …

Hong Kong may uplift the ban on cryptocurrencies and crypto trading, unlike what China has decided to do. It is trying to be a global cryptocurrency hub by taking different legal initiatives regarding these digital currencies. Elizabeth Wong, the head of the fintech section of the Securities and Futures Commission (SFC) confirmed this plan.  Hong Kong officials plan to encourage …

Formula 1 has filed eight trademark applications with the United States Patent and Trademark Office (USPTO) for cryptocurrencies, NFTs, and metaverse products and services. According to Mike Kondoudis, trademark attorney, these trademarks covered “cryptocurrency+NFTs”, “NFT+crypto markets”, “retail stores for virtual products”, “Blockchain financial transactions”, and “cryptocurrency trading and mining”.  The trademark numbers are: 97620686 97620287 97620289 97620291 97620281 97620279 97620298 …

The Ministry of Finance in Germany has issued a clarification that crypto holdings will be exempted from tax for up to 1 year. This extends to all your income coming from crypto staking, lending, airdrops, and other transactions using Bitcoin and Ether. According to the notification, “It will be free if crypto users (you) hold it for one year.” Cryptocurrency …